This website describes our Pension Tracing Service. We are not affiliated with the Government’s Pension Tracing Service and if you have come to our site by mistake you can find the UK Government’s Pension Tracing Service here
A Pension Annuity is a financial product that allows you to convert your pension savings into a guaranteed income for the rest of your life. This income can be tailored to your needs, with options including:
Fixed Annuities: Provide a fixed income amount throughout your retirement.
Escalating Annuities: Start lower but increase over time to help keep pace with inflation.
Joint-Life Annuities: Provide income for both you and your spouse, ensuring financial security for your partner.
Enhanced/Adverse Health Annuities: Providers will usually offer more favourable rates if your life expectancy is shorter due to a health or lifestyle condition.
Choosing the right type of Annuity is crucial, as it determines the stability and amount of income you will receive during retirement.
Tax treatment varies according to individual circumstances and is subject to change.
Transferring out of a defined benefit/ final salary pension is unlikely to be in the best interest of most people.
Looking to guarantee a lifelong income?
Get your Pension Annuity quote today or book a free initial consultation with our expert advisers to discover your annuity options.
Benefits of Choosing a Pension Annuity
Guaranteed Income: Pension Annuity can provide a stable, predictable income for life, regardless of market conditions.
Longevity Protection: Pension Annuities can protect against the risk of outliving your assets, offering a reliable income no matter how long you live.
Pension Annuities can be suitable for those who value financial stability and want to ensure a continuous income stream throughout retirement.
Our Pension Annuity Services
At Beals Wealth Management, we guide you through the process of choosing and purchasing a suitable Annuity for your individual needs. Our services include:
Personalised Advice: We help you understand the different Pension Annuity options and recommend the most suitable choice based on your own circumstances and retirement goals.
Rate Comparison: We shop around for Annuity rates, helping you get the most out of your retirement income.
Seamless Process: We handle all aspects of the annuity purchase, from initial consultation to finalising the contract, making the process smooth and hassle-free.
Ongoing Support: After the purchase, we provide ongoing support, helping you manage your Annuity and answering any questions you may have.
Our team is dedicated to helping you secure a financially stable retirement with the right Annuity solution for you.
What is a Pension Annuity?
A Pension Annuity is a financial product that provides a regular income for life or a set period, purchased with a portion or all of your pension savings. It's a way to secure a steady income in retirement.
What types of Pension Annuities are available? Types of Pension Annuities include:
Types of Pension Annuities include:
Fixed Annuities: Provide a guaranteed, fixed income. Variable Annuities: Payments vary based on investment performance. Indexed Annuities: Payments increase with a measure of inflation. Joint Annuities: Continue payments to a spouse or partner after the policyholder's death. Enhanced/Adverse Health: Offer more favourable rates if your life expectancy is shorter
How is the income from a Pension Annuity calculated?
The income from a Pension Annuity is calculated based on factors like your age, gender, the amount used to purchase the Annuity, and the type of Annuity chosen. Health and lifestyle factors can also influence the income amount, along with interest rates.
Can health issues affect my Pension Annuity income?
Yes, health conditions can lead to higher Annuity payments. This is known as an enhanced Annuity. We can help assess if you qualify for higher rates.
Are Pension Annuity payments taxable?
Annuity payments are subject to income tax. The amount of tax depends on your total income for the year.
Our Pension Annuity Advisers
ALEX HUDSON
Financial Planner
CHARLES BOYD
Financial Planner
CHRIS MILCZAREK
Financial Planner
DEAN FERMIE
Financial Planner
DANIEL PYLE
Financial Planner
JAMES BLACK
Chartered Financial Planner
JAMES GRANT
Financial Adviser
LIDIA HOSSELL
Financial Planner
MIKE SMITH
Financial Planner
PAUL JANES
Director
TREVOR WALLBRIDGE
Financial Adviser
WILL ASHLEY
Financial Planner
Ready to secure a guaranteed income for life? Request your Pension Annuity quote today or schedule a free initial consultation with our expert advisors to explore your Annuity options.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested. Tax treatment varies according to individual circumstances and is subject to change.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Beals Wealth Management and Pension-Tracing-Service-UK.co.uk are trading styles of Beals Mortgage and Financial Services Ltd, an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority. Beals Mortgage and Financial Services Ltd is registered in England and Wales, No: 08286166. Registered Address: Unit 1 Fulcrum 2 Solent Way, Whiteley, Fareham, PO15 7FN
Auto enrolment, Taxation Advice including Inheritance Tax Planning, Estate Planning and Pension Tracing are not regulated by the Financial Conduct Authority.
Looking for a pension specialist financial adviser near you?
Book a free initial telephone call with a qualified pension adviser today!
